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With strong signals suggesting a potential comeback, Dogecoin (DOGE) and PEPE have hyped up the memecoin sector again. While memecoin lovers fully support these two, AI-crypto enthusiasts are rapidly joining this emerging deFi platform DTX Exchange (DTX). The market bulls are also pumping this hybrid exchange as they see a 25x potential in the near term.
Dogecoin (DOGE) recently broke out of the $0.11 price range near the end of September, finally closing at $0.13. However, it wasn’t long before Dogecoin (DOGE) fell back to the previous $0.11 price range. Even though its price level has been building up for about two weeks now, Dogecoin (DOGE) appears to be experiencing a solid recovery based on its price chart.
During the last week, Dogecoin (DOGE) saw a minor upsurge and hit an 8% recovery, pricing out from its $0.107 weekly resistance. While it wasn’t much, investors still say that Dogecoin (DOGE) is progressing, as it just climbed by 33%. This short-term sentiment also shows the optimism around Dogecoin (DOGE) as the largest memecoin on the market.
In the meantime, the Dogecoin (DOGE) network’s market cap just went up by 2.33% (approximately $340 million) during the recent price surge; however, memecoin experts saw more positive movements this Q4. Currently, Dogecoin (DOGE) is trading at $0.12 and a 24-hour trading volume of $1.62 billion, with a 19.79% decline.
PEPE’s daily price chart analysis shows that it has recently seen a surge in bullish volatility in the last few hours. However, PEPE might drop below $0.00001 as bears dominate the market sentiment. PEPE’s 24-hour volume has fallen to $274 million, which is alarming and has decreased interest in trading activity today. Also, its price has faced a minor decline in the last 24 hours.
Meanwhile, its RSI-14 trend line has surged from its previous level and is trading above the midline at level 55, which points toward a potential breakout. The SMA-14 level suggests volatility in the next few hours, hinting at a bullish pressure. The 4-hour price chart indicates that bulls are pushing PEPE near the immediate support line as its price aims for further upside.
PEPE’s BoP indicator is trading in a negative region at 0.14, indicating that short-term sellers are taking their chance to speed up a downward trend. Moreover, PEPE’s MACD trend line has formed red candles below the signal line, with the indicator aiming for a negative momentum. These technical indicators suggest that the recent PEPE activity has restored confidence in short-position holders.
DTX Exchange (DTX) completed the $5 million milestone during its presale round 4, and community members are going crazy about it. This surging demand in the network has drawn the attention of many memecoin lovers who have been waiting too long for Dogecoin (DOGE) and PEPE to make a comeback, but in vain.
DTX Exchange (DTX) is taking over the increasing market sentiment through its cutting-edge Layer1 blockchain technology and insane features. Smart contracts are vital in executing and enforcing DTX protocol rules among its many premium features. They facilitate secure and automated transactions, ensuring users execute trades as intended.
The DTX protocol infuses an on-chain order book that maintains a transparent record of all buy and sell orders. This process ensures that the trading process is open and verifiable by all participants in the network. The DTX Exchange’s surging demand among memecoin lovers has caused a high-volume influx in its hybrid exchange, with over 75,000 unique holders and counting.
As Dogecoin (DOGE) and PEPE present strong performance indicators in their networks, DTX Exchange (DTX) has gained investors’ confidence and loyalty through its next-gen technological development and robust security protocols that deliver lucrative opportunities and mind-blowing benefits!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
